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464 Canton Rd 2.54 Acres of Commercial Land Offered at $175,000 in Akron, OH 44312
Investment Highlights
- Prior variance permits building heights up to 49 feet.
- City water and sanitary utilities are available to the site.
- Surrounded by retail, medical, dining, and community services.
- Located within Ellet's established commercial district.
- Adjacent to two occupied nine-story senior housing communities.
- Frontage and depth provide flexibility for future development.
Executive Summary
Site Overview | Ellet Development Opportunity: This site is well-positioned for a new high-rise multifamily or senior living development. Proven Senior Housing Demand: Two 9-story senior apartment buildings sit directly to the south, both reporting very high occupancy and strong tenant stability — clear evidence that senior housing demand in this immediate area is durable and well-supported.
Location, Location, Location: Situated in the heart of Ellet’s commercial district, the site benefits from established foot tra?c and visibility, reducing lease-up risk.
Location, Location, Location: Situated in the heart of Ellet’s commercial district, the site benefits from established foot tra?c and visibility, reducing lease-up risk.
Property Facts
1 Lot Available
Lot
| Price | $175,000 | Lot Size | 2.54 AC |
| Price Per AC | $68,897.64 |
| Price | $175,000 |
| Price Per AC | $68,897.64 |
| Lot Size | 2.54 AC |
2.54-acre development site in Akron's Ellet commercial corridor. Utilities available. Prior variance permits up to 49' building height. Adjacent to occupied senior housing communities and near shopping, medical services, schools, and restaurants.
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 68-29359 | Improvements Assessment | $0 |
| Land Assessment | $41,171 | Total Assessment | $41,171 |
Property Taxes
Parcel Number
68-29359
Land Assessment
$41,171
Improvements Assessment
$0
Total Assessment
$41,171
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464 Canton Rd